The case involves a Company Petition filed by Tata Capital Financial Services Ltd. against Mr. Prashant Banamapally Hegde and Anr., seeking to initiate Insolvency Resolution Process under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition is filed under Rule 7(2) of the I&B (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019.
Tata Capital Financial Services Ltd. filed a Company Petition against Mr. Prashant Banamapally Hegde and Anr. under Section 95 of the IBC, 2016, seeking to initiate Insolvency Resolution Process. The petitioner's counsel submitted that the demand notice dated 22.07.2021 was served, and proof of service was delivered on 11.10.2022. The Financial Creditor proposed Shri Mugundan A Thirumalai as the Resolution Professional. The court noted that the Petition along with Court Notice was successfully delivered upon the Personal Guarantors on 10.10.2022.
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Date of the Demand…
Petition along with…
The case involves a Company Petition filed by Tata Capital Financial Services Ltd. against Mr. Prashant Banamapally Hegde and Anr., seeking to initiate Insolvency Resolution Process under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition is filed under Rule 7(2) of the I&B (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019.
Tata Capital Financial Services Ltd. filed a Company Petition against Mr. Prashant Banamapally Hegde and Anr. under Section 95 of the IBC, 2016, seeking to initiate Insolvency Resolution Process. The petitioner's counsel submitted that the demand notice dated 22.07.2021 was served, and proof of service was delivered on 11.10.2022. The Financial Creditor proposed Shri Mugundan A Thirumalai as the Resolution Professional. The court noted that the Petition along with Court Notice was successfully delivered upon the Personal Guarantors on 10.10.2022.
Date of the Demand…
Petition along with…